Saline School District Bond Measure (August 2010)

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A Saline School District Bond Measure was on the August 3, 2010 ballot in the school district of Saline which is in Washtenaw County.

This measure was defeated

  • YES 2,629 (48.59%)
  • NO 2,782 (51.41%) Defeatedd[1]

This measure sought to create a bond in the amount of $28,000,000 in order to help with refurbishing and re-equipping school buildings, upgrading technology and purchasing buses for the school district. [2] This bond would not have raised the current tax rate of 7 mills residents pay, it would just have extended the tax. School officials had planned to hold meetings for residents to learn more about the measure and the issue so that they would be better informed when went to vote in August.[3]


The question on the ballot:

BONDING PROPOSAL

Shall Saline Area Schools, Washtenaw County, Michigan, borrow the sum of not to exceed Twenty-Eight Million Dollars ($28,000,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of:

remodeling, furnishing and refurnishing, and equipping and re-equipping school buildings; acquiring and installing educational technology in school buildings; acquiring school buses; and developing and improving playgrounds and sites?

The following is for informational purposes only:

The estimated millage that will be levied for the proposed bonds in 2011, under current law, is -0- mill ($0.00 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.28 mills ($1.28 on each $1,000 of taxable valuation).

If the school district borrows from the State to pay debt service on the bonds, the school district may be required to continue to levy mills beyond the term of the bonds to repay the State.[4]

References